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Insure Oklahoma adopts MAGI methodology Jan. 1, 2016. View this email in your browser
MAGI formula for employee income MAGI formula for employee income MAGI formula for employee income MAGI formula for employee income MAGI formula for employee income MAGI formula for employee incomeMAGI formula for employee incomeMAGI formula for employee income MAGI formula for employee incomeMAGI formula for employee income MAGI formula for employee income MAGI formula for employee income MAGI formula for employee income Insure Oklahoma will use a federally-required methodology to determine income and household size for applicants whose eligibility begins Jan. 1, 2016. Employer-Sponsored Insurance income guidelines will continue to be set at 200 percent of the federal poverty level. However, the new methodology, Modified Adjusted Gross Income (MAGI), may count income and household members differently than Insure Oklahoma's previous methodology. Please see this fact sheet to learn more about how different income sources are used to determine MAGI. Here are some key points to remember about this change:  Certain types of income may now be included in household income, such as alimony and some income received by tax dependents.  Certain types of income may now be excluded from household income, such as child support, workers’ compensation and Veterans Administration benefits.  Household size will be based on the applicant’s tax household, with a few exceptions.  Insure Oklahoma income guidelines will no longer include the working allowance for those who are not self-employed.  Most employees will not experience a change in eligibility under the MAGI methodology, but some might gain or lose eligibility.
Dec. 31, 2015 Employee proof of citizenship required. Dec. 31, 2015 Last day to create employer portal account. Jan. 1, 2016 Modified Adjusted Gross Income (MAGI) rule applies for coverage effective on this date. Feb. 10, 2016 Submit invoices for previous months to avoid delays. 2016 Income Guidelines (Click for larger view) Do you know others who want to receive Insure Oklahoma news? They can sign up to receive e-blasts here.
MAGI Questions and Answers Q: What is MAGI? A: MAGI is the method required by the Affordable Care Act (ACA) to determine eligibility for income-based Medicaid and subsidized health insurance. It is used to calculate an applicant’s current household income and size. MAGI is found by taking a tax household’s current Adjusted Gross Income and adding back certain deductions. Q: Why is Insure Oklahoma using MAGI now? A: As required by federal law, the Oklahoma Health Care Authority (OHCA) adopted the MAGI methodology for SoonerCare applicants in 2014. Insure Oklahoma has also been required to use MAGI, but needed additional time to implement the change. Using the same methodology will provide greater consistency for families that use both programs. It will also allow families to apply for coverage through a combined application that will launch in early 2016.

Insure Oklahoma adopts MAGI methodology Jan. 1, 2016. View this email in your browser
MAGI formula for employee income MAGI formula for employee income MAGI formula for employee income MAGI formula for employee income MAGI formula for employee income MAGI formula for employee incomeMAGI formula for employee incomeMAGI formula for employee income MAGI formula for employee incomeMAGI formula for employee income MAGI formula for employee income MAGI formula for employee income MAGI formula for employee income Insure Oklahoma will use a federally-required methodology to determine income and household size for applicants whose eligibility begins Jan. 1, 2016. Employer-Sponsored Insurance income guidelines will continue to be set at 200 percent of the federal poverty level. However, the new methodology, Modified Adjusted Gross Income (MAGI), may count income and household members differently than Insure Oklahoma's previous methodology. Please see this fact sheet to learn more about how different income sources are used to determine MAGI. Here are some key points to remember about this change:  Certain types of income may now be included in household income, such as alimony and some income received by tax dependents.  Certain types of income may now be excluded from household income, such as child support, workers’ compensation and Veterans Administration benefits.  Household size will be based on the applicant’s tax household, with a few exceptions.  Insure Oklahoma income guidelines will no longer include the working allowance for those who are not self-employed.  Most employees will not experience a change in eligibility under the MAGI methodology, but some might gain or lose eligibility.
Dec. 31, 2015 Employee proof of citizenship required. Dec. 31, 2015 Last day to create employer portal account. Jan. 1, 2016 Modified Adjusted Gross Income (MAGI) rule applies for coverage effective on this date. Feb. 10, 2016 Submit invoices for previous months to avoid delays. 2016 Income Guidelines (Click for larger view) Do you know others who want to receive Insure Oklahoma news? They can sign up to receive e-blasts here.
MAGI Questions and Answers Q: What is MAGI? A: MAGI is the method required by the Affordable Care Act (ACA) to determine eligibility for income-based Medicaid and subsidized health insurance. It is used to calculate an applicant’s current household income and size. MAGI is found by taking a tax household’s current Adjusted Gross Income and adding back certain deductions. Q: Why is Insure Oklahoma using MAGI now? A: As required by federal law, the Oklahoma Health Care Authority (OHCA) adopted the MAGI methodology for SoonerCare applicants in 2014. Insure Oklahoma has also been required to use MAGI, but needed additional time to implement the change. Using the same methodology will provide greater consistency for families that use both programs. It will also allow families to apply for coverage through a combined application that will launch in early 2016.